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The Pakistan Stock Exchange (PSX) managed a positive close again on Wednesday, with the benchmark KSE-100 index gaining 134 points to close at 39,587 points.

After hitting a day's low of 39,209 points within the first few minutes of trading, the index peaked at 40,062 points before settling back below 40,000 points.

In all, 128.4 million shares worth Rs6 billion were traded at the exchange. Of the 323 traded scrips,169 advanced, 143 declined and 11 remained unchanged.

"Major activity was witnessed in cements and select financials while the interest in remaining key sectors from local institutions was limited likely due to sharp sell-off by foreigners yesterday," Elixir Securities noted.